The European Investment Bank (EIB) has approved a €150 million loan to the Croatian Bank for Reconstruction and Development (HBOR), marking the first instalment of a €350 million financing package aimed at expanding access to funding for the businesses and public entities in Croatia.
At least 30% of the financing will be directed toward green investments—ranging from renewable energy and clean transport to sustainable construction and energy-saving measures. The funds will be distributed via HBOR’s direct lending and through local commercial banks and intermediaries.
The new agreement prioritises small and medium-sized enterprises (SMEs), mid-cap firms, and public bodies, supporting both business expansion and climate action goals. “This initiative will expand financial support to a broad range of Croatian companies and public entities, with a strong emphasis on climate action and sustainability,” said EIB Vice-President Teresa Czerwińska.
HBOR President Hrvoje Čuvalo welcomed the move as a step forward in Croatia’s green transition, noting it reinforces HBOR’s role in building a sustainable and resilient economy. The structure of the loan—a Multi-Beneficiary Intermediated Loan (MBIL)—aligns with EU goals on green growth and social cohesion, and builds on HBOR’s track record of meeting high environmental and social standards.